Post by
taxdemicco on Oct 11, 2011 12:08pm
RAYMOND JAMES SELLING
Hello Everyone:
First I want to thank Cinco for his kind words.
Secondly Raymond James is the one selling the bulk of the shares today. I verified past records and did not see Raymond James involved in any PP. Must be a frustrated long whom sold out.
Anyways, the playing field has drastically changed in the last 30 days. Longford is now in business with Vallares whom owns all 7 fields in Kurds land which they bought for $ 2.2 billion, whose owners are the Rothschield family, very rich, partner with Sinopec the 3rd largest oil company in the world, Chinese firm with $ 200 billion in annual revenu.
PSC deal was renegotiated to a 10% royalty. This will give LFD much better terms in case of a swap with Genel for financing to drill. They get to keep more cause royalty dropped by a whopping 75% from 40 to 10.
Anyways, message is the same, it is LFD land that has value irregardless of stock price. So LOAD UP.
JMHO